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CNN
Oct 13, 2012 6:30am PDT
fixing this economy before it is too late? some recent signs of recovery say yes. unemployment down the 7.8%, and that the lowest rate since president obama took office. claims for first time unemployment benefits fell to levels not seen since 2008, and some technical details going on there, but the trend is clear. and real estate collapse got us into the mess, but now the housing prices are timely starting to rise. i will say it again, housing prices are starting to rise and foreclosures fell to five-year lows last month. so how do we make sure that the economy really heals? two different philosophies and one being very big election coming up to fix it. president obama says thathe businesses need the tax incentives to create more jobs, and he says that the government needs to step in and the government needs toinvest in programs now that can pay off later. manufacturing, green energy, instra trui inf infrastructure and aid for state and local governments. mitt romney says to get the government out of the way. and former new york times columnist bob herbert is a ceo of a left leanin
CNN
Oct 6, 2012 6:30am PDT
economy finally start working again for the middle class? the middle class is stuck in the middle. ♪ here i am stuck in the middle with you ♪ >> the classic song was from 1973, but today's middle class is stuck as two political parties run away from the center. what the middle class needs is a deal. >> let's make a deal! >> to grow jobs and to fix the fiscal cliff. senators are talking about starting to talk. how close are they? those of you in the middle are stuck between a near-term fiscal cliff calamity and a long-term debt disaster. one means a recession and lost jobs. ignoring the other means slower growth and lost jobs. it will take real statesmanship, washington, to tackle both at the same time. meantime, it's the jobs right in the middle that disappear, and majority of jobs created make just 13 bucks an hour or less. you're stuck in the middle of closing arguments of an election year, but the two words that matter most to the middle class, you're hired. and in a moment we will look at whether enough jobs are being added for president obama to keep his job, but i want to start wi
CNN
Oct 13, 2012 3:00pm PDT
issue number one here in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high e
CNN
Oct 7, 2012 9:00am PDT
smart guy. he has committed his life to understanding the problems of our economy, presenting a plan for the american people, so i think that paul is going to do -- going to do a great job, but i also think it's very important for people to understand, and i think people realize that joe biden is a governmented orator, he is very good at rhetoric, and i think is he very relatable so i think it's two different people, and i think it's going to be a great night. >> have you talked to ryan at all about his debate performance, what he needs to do, that whole thing? >> sure. paul is one of my very good friends. i talk to paul all the time about a lot of different things, but i think he is taking it very seriously. sure. i think both parties should be nervous. i mean, it's a big night. it's a big -- it's always going to be a big night. >> do you think it makes a difference? there are a lot of people who say, look, the debates are a side show. it's all about the top guys. do you think that ryan has to keep the momentum going from what was widely seen as a mitt romney win in denver? >> we ha
CNN
Oct 11, 2012 12:00am PDT
, sitting in congress. and it is much ado about nothing, this election is about the economy, the president has not performed. he is chasing every rabbit down the trail to make this thing about his own record, and the miserable condition of the economy. and that is what we'll talk about. >> but isn't the problem? it comes down to trust, and therefore, we have to trust him, generally. and even his position on abortion in the last 12 months has flip-flopped on abortion. >> it has not, piers. >> it has. >> it has not, piers -- >> let me put the allegations to you, and you can respond. the allegation is that he was saying before i want to repeal roe versus wade, and i want to power to go to the state. and he says now he has no plans regarding abortion. so which is it? >> listen, he is referring to whether or not there is some piles of legislation in congress that he is pursuing in his presidency. he is committed to, and has said it still yet today the fact that we will not be funding abortion with taxpayer's money, whether it be in his own budget or whether it be in foreign aid. he is
CNN
Oct 6, 2012 10:00am PDT
coming back into the economy and will help during the fourth quarter. that's the good news. bad news is all the job losses on the good producing side of the sector. manufacturing job loss two months in a row. that's global demand and the global weakness. you see the unevenness of the recovery persist. >> that's the stuff that presidential candidates or presidents can have difficulty moving the needle on. you did talk about housing which i've been calling the golden lining around the cloud. i want to bring in don peebles. he owns a real estate firm. he's a democrat. don most of your work is in sort of bigger stuff. you're not buying individual homes. but there's definitely stuff going on in the construction sect jobs in home building, in home buying as diane said in refinancing. these low rates as expensive as they've been to keep in place seem to be combining with low home price, low property price and causing some activity. >> the housing market has picked up especially in more of our global cities. if you look at the market in miami, for example, which was one of the biggest drops whe
CNN
Oct 11, 2012 7:30pm PDT
. >> two different world views, different views about the economy. i don't know why there are any undecided people left after the debate. >> looking at reaction. >> biden had to buy his boss a week until the next debate, and he did that tonight. he fired up the obama base. gave it some energy. they could have taken away his laughing gas a little earlier, he was charming joe biden tonight. that wasn't his mission. i thought ryan proved himself unexpectedly confidence on foreign policy, reasonable, and not a scary republican that everybody was warned about. and i have to agree with david, a draw tonight, but ryan looked reasonable. onto the next one. >> it was interesting to see vice president biden continue to inject himself, even when ryan was talking. some would say he was annoying. the. >> romney has moved up, not that obama moved down. people thought better of romney and he began to move up. biden put romney on trial. my twitter, e-mail, on fire this is exactly the debate performance that democrats needed. biden showed fire. the one condescending moment when paul ryan look at h
CNN
Oct 7, 2012 7:00am PDT
zakaria. welcome from all over. i'm fareed zakaria. the state economy. i was the topic of this week's presidential debate and be d deciding week of the election. we're often told we need to get businesses to start investsing and hiring. well, we have three powerhouse ceos on the show. lloyd blankfein, and john of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and on his decade in hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. >>> first, here's my take. the pundit dees claired mitt romney the winner. he was. obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a t
CNN
Oct 6, 2012 3:00am PDT
, it's still the economy. campaigning in virginia coal country, mitt romney tried to dig through the latest jobs numbers. to make the case, he has not hit just yet. >> fewer new jobs created this month than last month and the unemployment rate, as you know to this year, has come down very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> still, one of romney's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 88% unemployment for over, what 43 months. >> we still have unemployment above 8%. >> he told us to get us back to work and hold unemployment for 8%. >> month after month, after month. >> it's a political bar rising. proposing statement at the first presidential debate. >> we've had 43 straight months with unemployment above 8%. if i'm president, i will help create 12 million new jobs in this country with rising incomes. >> reporter: but romney notes the president has fallen short of estimates set by the own economi
CNN
Oct 5, 2012 6:00pm PDT
bring him a second term. he and governor romney know the election's all about the economy and both men were trading jabs today in the battleground state of virginia. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> when i'm president of the united states, that unemployment rate is going to come down not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create jobs and get america working again. >> let's get right to tonight's big story. with senator john mccain, the arizona senator and former presidential candidate joining me now. welcome to you, senator. >> thank you, piers. >> we are going to come to the debate in a moment. you've been one of the only people who debated both barack obama and mitt romney so you're in a unique place to tell me what you made of the new style romney and indeed, obama. before we get there, though, today's big news on the jobs front. whichever way you spin this fro
CNN
Oct 14, 2012 9:00am PDT
going to build this economy from the middle out? are we going to give people opportunity and make the needed investments to give them that opportunity, or are we going to do this from the top down, the perspective that the romney campaign has. >> so would you concede -- i want to show our viewers the swing state polls are out, and you know what they say by and large. they say that in most cases in these swing states and, indeed, nationally, mitt romney is either closed the gap or he is now surpassed president obama in states that the president was ahead in. would you concede it was a pivotal debate that changed how folks looked at least at mitt romney? >> well, look, i think mitt romney's performance was, indeed, magical and theatrical. for 90 minutes he walked away from a campaign he had been running for more than six years previous to that. look, we always expect -- >> the president didn't call him on it at the time, so were you all aware of that? >> was i aware he was going to say i don't have a 5 trillion dollar tax plan, i love teachers. we ought to hire more, all in contradictio
CNN
Oct 12, 2012 4:00am PDT
two dramatically different visions on the economy. >> the last people who need help are 120,000 families for another, another 500 billion dollar tax cut over the next ten years. >> our entire premise of these tax reform plans is to grow the economy, and create jobs. >> to national security threats like a nuclear iran. >> and if they get nuclear weapons, other people in the neighborhood will pursue their nuclear weapons, as well. >> war should always be the absolute last resort. >> reporter: for the most part it was a substantive debate between two longtime lawmakers who tried to disagree without being too disagreeable. >> when my friend talks about -- >> reporter: biden avoided any trade mark gaffes but did provide a little levity. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean a bunch of stuff? >> well it means it's simply inaccurate. >> it's irish. >> we irish call it malarkey. >> okay. >>> so much to talk about out of this debate. martha raddat zpchlt, i thought she was terrific. >> absolutely. if there was a winner, she was commanding. fee follo
CNN
Oct 6, 2012 5:00am PDT
shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> so it looks like unemployment is getting better, but the truth is if the same share of people were participating in the work force today as on the day the president got elected, our unemployment rate would be around 11%. that's the real reality of what's happening out there. >> you hear mitt romney pivoting talking about the real unemployment rate at 11%, so i -- i guess that's his pivot coming off the unemployment rate yesterday. randi, why does all this matter? as you mentioned off the top, the economy by far the number one issue with americans. take a look at this, from our cnn/orc international poll. we did it about a week ago before the first debate but i don't think it will change people's perceptions. by far the economy remains the top issue on the minds of americans. it's been that way since late 2007 when the u.s. economy went into a recession, and how do americans feel about which candida
CNN
Oct 7, 2012 1:00pm PDT
understanding the problems of our economy, presenting a plan for the american people. so i think that paul is going to do -- is going to do a great job. >> vice president biden will do very, very well. he knows what's been going on. he's in touch with with the american public. and i'm just hopeful that mr. ryan will tell the truth. >> it's a one-shot deal. they've got to get it right on this debate. likely what are they focusing on in their rehearsals? >> well, i mean, joe biden told us he's focusing on paul ryan's economic plan as he introduced to the house last or the year before, because they think that is fertile territory to find a lot of ways to try to paint mitt romney and paul ryan as, you know, against the middle class and taxing the middle class. i think joe biden is going to wrap mitt romney and paul ryan as tightly together as possible and just sort of drop the ryan plan on top it to try to implode the pair. they think that is good ground. as far as paul ryan is concerned, i think he is kind a policy wonk. his problem is he's a numbers guy, and he's up against frankly and
CNN
Oct 8, 2012 9:00pm PDT
good for the economy. if you love it, that's all that matters. matters. thank you for joining, everyone. >>> tonight, game on. the new mitt romney now in the lead. a confident candidate, a major speech. >> i know the president hopes for a safer, freer and more prosperous middle east but hope is not a strategy. >> plus, neck and neck. sometimes it is about the horse race. to the man who arguably knows more than anyone about what the numbers in this race mean, nate silver. and battleground america. is romney gaining ground with female voters? women on the left and right go toe to toe. also, worldwide exclusive. what you haven't heard about the man who shot trayvon martin, the first television interview with george zimmerman's mother. why he says there's more to the story. >> he said you will die tomorrow. i grabbed my firearm and shot him. >> this is "piers morgan tonight." >>> good evening. with just 29 days to go until the election, our big story tonight, mitt romney takes that post-debate bounce and boy, does he run with it. the latest pew poll conducted after last week's deb
CNN
Oct 9, 2012 1:00pm PDT
thought the economy was performing at near full potential. now, first of all, when we decide that 1.5% growth is near full potential, we are in terrible trouble. and i would say geithner suffers from an amazing lack of ambition for this economy. i actually think that's what's wrong with the entire obama administration, they have a lack of ambition for this country and what it can and should do. but i would also say if he believes that, that tim geithner believes that a public sector job is equivalent to a private sector job. it's not that public sector jobs aren't important. teachers are important, firemen are important, nurses are important. but a public sector job doesn't pay for itself. taxpayers pay for it. a public sector job doesn't create other jobs. a private sector job pays for itself and creates other jobs. i frankly found his statement shocking. both because of its lack of ambition and because of its misunderstanding of what actually drives growth. it's not public sector jobs. >> let me ask you this, under reagan's recovery, were we laying off teachers and firefighters? wer
CNN
Oct 11, 2012 9:00pm PDT
. the yeet sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going into a freefall. and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. with regard to netanyahu, he's been my friend for 39 years. the president has met with him a dozen times and spoken to him as much as he's spoken to nibble. -- to anybody. i was -- just before he went to the u.n., i was in a conference call with the president, with him to -- talking to be be for well over an hour. in stark relief and detail about what was going on. this is a bunch of stuff. look, here's the deal -- >> what does that mean, a bunch of stuff? >> it's simply inaccurate. >> it's irish. >> we irish call it malarkey. >> thanks for the translation. >> but last thing, the secretary of defense has made it clear, we didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what bebe held up there, when they get to the point where they can enrich uranium enough to put into
CNN
Oct 6, 2012 9:00am PDT
employment report provide further evidence that the u.s. economy is continuing to heal from the wounds inflicted by the worst downturn since the great depression. jack welch tweeted this, unbelievable jobs numbers, these chicago guys will do anything, can't debate so change the numbers. and the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at its lowest level since i took office. >> friday's jobs report shows america still desperately needs jobs. yet the president's central and sole proposal would mean fewer jobs. >> republicans in congress need to stop trying to relaxing fight the battles of the past few years and finally start doing something to actually help the middle class get ahead. >> we can't afford four more years like the last fr. prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as cops, firefighters and park rangers in communities across the country. a few weeks ago republicans in the senate voted tha
CNN
Oct 12, 2012 11:00pm PDT
the growth argument, gdp rose by barely a percent during that time. isn't much when the economy was growing at a rate like china's, but the u.s. was at the time. they got a boost, but not much of one. ronald reagan's first big tax cut went into effect, and the economy did surge. economic growth went from 4.9% to north of 8%. year three, not so impressive. look at quarters, there were some drops. for perspective, today, the top marge call tax rate is 30%, not like are you at 70 or 90. can a reduction in rates really spur the romney ryan growth? let's bring in guests and find out it's true. doug and mark, great to see both of you. doug, the romney/ryan plan will reduce rates like 20%. let's forget the lool hope for a moment. see the top rate go down from 35% to 28%. that's certainly not a drop, like jfk did or romney did. can 35 to 28 spark real gdp growth? >> i think we're in a very different world and quite frankly a better world. the feature they have in common, often not appreciated, these are permanent tax reforms, and they have much bigger impacts. it makes sense. a tax cut for
CNN
Oct 5, 2012 10:00pm PDT
talk to jack welch, one of the all time-great c c c c c ceos. he was tweeting about the economy adding 114,000 jobs last month and the jobless rate falling three-tenths of a point to 7.8%. that would be the lowest since president obama took office. here's how president obama reacted to the economic news. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country has come too far to turn back now. >> president obama on the campaign trail today. now here's what mitt romney said. >> the unemployment rate, as you noted this year, has come down very, very slowly, but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> he went on to say the country can do better, which is about what you would expect him to say, same as you would expect president obama to say what he said. that's the way the two sides do it, year in, year out, campaign
CNN
Oct 11, 2012 8:00pm PDT
night. number one for joe biden, the economy at just over 6:00. number one for ryan, budget and taxes at almost 7:00. ryan, budget and taxes, number two issue, ryan, the economy. mirror image of biden. vice president spent third most time talking about the problems in the arab world for the congressman from wisconsin. number three, entitlements, such as medicare, social security. that's our team of timers actually scored it. unlike the last debate, what was also striking, how similar two candidates were to the time they devoted to key issues, not because they agreed, instead because for every punch, an equally sharp counterpunch. some examples, each different almost completely. but at times, around 5:00 each were nearly identical. same on foreign policy side on iran, again, disagreement, and again about equal time. 4:30 each. likewise on ending the war in afghanistan. the vice president and congressman ryan spoke for nearly the same length of time about 5:00. however, what they said could not be more different. like night and day. correspondents standing by with each side. stay
CNN
Oct 10, 2012 12:00am PDT
for the failure, the misery that this economy is right now and lay out a plan going forward. and i think mitt romney is just going to keep doing that. barack obama can spin and his surrogates can say some of the things stephanie was saying and they can run all these ads they're distractions and try to win this race outside of those debates. but these debates are important because you have two people unfiltered going back and forth on their ideas and their records, and so far, governor romney i think has laid out a pretty compelling case and the president's has been pretty weak. >> so far, he's certainly winning the battle of the debates but there are two more to go and a lot to play for. thank you very much. >> good to be with you, piers. >>> coming up, the actress under fire for supporting mitt romney. why she's facing racist attacks. stacy dash talks to me exclusively. here she comes. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her pack
CNN
Oct 8, 2012 6:00pm PDT
the american economy. it should be about rebuilding that, rebuilding the american military. american values. what we're seeing with this president for four years is a weakening of the economy, weakening of the military and weakening across the board in foreign policy. tell me the place in the world where america today is more respected or safer and secure than we were four years ago. certainly not in syria, certainly not with iran getting a nuclear weapon, certainly not -- >> hang on. hang on. hang on. let me stop you in your tracks. actually, i would say one of the things that barack obama has done incredibly successfully is restore a lot of america's very damaged reputation around the world, since the eight years of george bush and all the warfare that came with it. i would seriously question that. i've traveled a lot through europe and so on. there's a lot of respect for america that certainly wasn't there six, seven years ago. >> the question is not whether -- it's always safer and secure. is the situation in the middle east today better than it was four years ago? is it better i
CNN
Oct 12, 2012 4:00pm PDT
noticed a couple of pieces of good news on the u.s. economy. the read was a big jump. hit ago level we haven't seen since september of 2007, before the financial crisis and also, jpmorgan released its quarterly dimon said we believe the housing market has turned the corner. the comments from mr. dimon could be significant. it's been 435 days sibs is country lost its top credit rating. the fourth year running it exceeded the trillion dollar mark. >>> and now, our four story "outfron fourth story. jack kennedy and paul ryan. there are some things that are similar. both young, energetic, vibrant. paul ryan seems to think they have something this common, joe biden though, not so sure. in what you could say say is a vp tradition, this time, the issue was tacks. >> you can cut tax rates by 20% and still preserve these for middle class taxpayers -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it's been done a couple of times -- >> it has never -- >> reagan. >> oh, now, you're jack kennedy. >> ronald reagan. >> twitter was all a twitter
CNN
Oct 10, 2012 4:00pm PDT
. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> just moments ago, president obama admittinghis to abc news. >> well, governor romney had a good night. i had a bad night. it's not -- >> how bad? >> well, it's not the
CNN
Oct 8, 2012 1:00pm PDT
it's on the economy, whether it's on leadership, he's now tied with the president. as far as leadership ability is concerned. so i think romney got everything out of that debate and more. >> he certainly did. and if you take a look at -- let me put the numbers back on the screen one more time. earlier this month before the debate, romney was behind the president, the president, 51%, romney, 43%. eight-point difference. now 49% for romney, 45% for obama, a four-point spread. that's a 12-point spread in only, what, three weeks, shall we say? and clearly the major development was his strong performs at that debate. >> you know, wolf, it just shows you that voters are still really weighing the pluses and minuses of these two candidates. what i really need to see, though, to make any judgment about how this is going to really affect the election or how it has affected voters is i need to look in the battleground states, don't you think? you need to look at the battleground state of ohio. you need to look at wisconsin. you need to look at iowa. you need to look at virginia, florida
CNN
Oct 14, 2012 7:00am PDT
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> and we're back. do you think it's fair to say as i do that the conservatives are split on, you know, kind of fundamentally how to deal with the arab spring? >> i've been lally joking that i've become a pay leo neocon and my skepticism is for purely democratic movements. there is -- i think the split is actually f
CNN
Oct 6, 2012 4:00am PDT
. economy is continuing to heal from the wounds inflicted by the worst do downturn since the great depression. but the former ceo of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing something to acatually help the middle class get ahead. >> we can't afford four more years like the last four. falling incomes, rising prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as firefighters, cops. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should have to fight for a job when they come home. >> i understand that
CNN
Oct 12, 2012 5:00pm PDT
stimulus, the economy would grow at 4%. it's growing at 1.3. >> i love my friend here. i'm not allowed to show letters but go on our website, he sent me two letters saying by the way, can you send me some stimulus money for companies here in the state of wisconsin. we sent millions of dollars. you know why -- >> you did ask for stimulus money, correct? >> sure he did. >> on two occasions we advocated for constituents who were applying for grants. that's what we do. we do that for all constituents applying for grants. >> i love that. i love that. this is such a bad program and he writes me a letter saying -- writes the department of energy a letter saying the reason we need this stimulus, it will create growth and jobs. his words. and now he's sitting here looking at me and by the way, that program, again, investigate it. what the congress said was it was a model. less than 4/10 of 1% of waste and fraud in the program. >> you hear the vice present talk about two letters that congressman ryan sent requesting stimulus money for his district. in fact, it was at least four letters, two of w
CNN
Oct 6, 2012 11:00am PDT
economy. i think what's been goingon is a lot of small things have very slowly been getting better. and overall, this is adding up to voters who are more optimistic than economists think they should be in some cases. we have seen almost all of the consumer confidence surveys, for example, improve fairly significantly over the last few months. if you look what's going on in the real economy, there are things that might explain what is happening. i can tick off a few if you want. >> please do. >> i think the most important thing is that the housing bust has ended. and this is not just a statistical thing. this is a big deal if you're a homeowner, even if you're not planning to buy or sell a home because you might finally know that the value of your biggest asset is no longer plunging. i mean, that's a big deal, and it makes people feel a little more secure about their finances. another thing that happened is the pace of lay-offs has gotten very low. the numbers of lay-offs we have been seeing are the lowest in more than a decade. what that means is if you have a job, your job securit
CNN
Oct 14, 2012 12:00pm PDT
career and next year. that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. i keep telling you that claim is ridiculous considering the sluggish growth we're seeing right now and the new downward revision. but for the purpose of this exercise, i'm going to take him at his word and presume a historic surge in jobs lies ahead. let's talk about taxes. next i'm going to let governor romney
CNN
Oct 8, 2012 5:00pm PDT
, spend. it's good for the economy. if you love it, that's all that matters. thank you for joining. everybody, "ac 360" starts now. >>> good evening, everyone. we begin tonight with breaking news. late polling that reads like a battle damage assessment from last week's presidential debate, both nationally and in one battleground state it shows a big swing toward mitt romney. take a look. late this afternoon, there was this latest national pew research poll. governor romney now holding a four point lead among likely voters surveyed october 4th through the 7th, after the debate. that's a b swing from mid-september when president obama was ahead by eight. that was this afternoon. just a short time ago, a poll running in the detroit free press shows the president's lead shrinking to just three points in michigan. mr. obama had a ten point lead there last month. mitt romney's running mate, paul ryan, is in michigan tonight addressing a rally at oakland university in the town of rochester just outside detroit. the question tonight, if the mood of voters is changing here, could it also be
CNN
Oct 14, 2012 1:00pm PDT
help you solve it. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader.
CNN
Oct 10, 2012 11:00pm PDT
helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> just moments ago, president obama admitting this to abc news. >> well, governor romney had a good night. i had a bad night. it's not -- >> how bad? >> well, it's not the first time i've had a bad night, but i think what's important is that the fundamentals of what this race is about haven't changed. >> those are pretty direct admission and it came just hours after the president offered up this explanation. little bit different. for his performance last week. >> you know, the debate i think is fair to say i was just too polite. it's hard to sometimes keep on saying what you're saying isn't true. the good news is that's just the first one. >> the former director of speech for president clinton, ryan. you couldn't even restrain yourself from rolling your eyes there. >> you know, i think that actually it's good for president obama to seem humble and thoughtful and hey, i didn't have a
CNN
Oct 9, 2012 4:00am PDT
expects the u.s. economy to grow at 2%. the eurozone look at that 0.2%. not growing. china 8.2%. looks pretty good. these are all weaker forecasts than their last report in july. for ten years china was growing at 10%. even slowing down a little bit to 7% or 8% and causing concerns. >> as john was talking about a moment ago the presidential race is a whole new ball game according to at least one new poll. the pew research next shows republican mitt romney leading president barack obama 45% to 49%. they were asking republicans more these questions. pew talked nor democrats last month. gallup's daily tracking poll shows president obama ahead of mitt romney by five points. let's go to marsha blackburn, a romney campaign surrogate. the poll numbers the significant rise for mitt romney and drop for barack obama, is that simply the calculations of the debate, do you think? >> i think the debate had a lot to do with it because people wanted to concisely and specifically see how mitt romney would move forward and function as president. so the debate weighed into that. i think also people are d
CNN
Oct 10, 2012 1:00pm PDT
economy. >> my whole passion is about helping the american people who are struggling right now. >> i thought, wow, here's old moderate mitt. where you been, boy? >> reporter: but democrats including bill clinton say romney has been trying to shift back to the center ever since last week's debate. the obama campaign is pointing to what romney said to "the des moines register" on the issue of abortion. >> there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda. >> reporter: contrast that with what he said at a town hall last year. >> what i would like to see happen would be for the supreme court to say, look, we're going to overturn rowe v. wade and return to the states whether they want to have abortion or not. >> severely conservative positions that got him through the gop primary are still there. now he's trying to cover them up. >> reporter: asked about those comments on abortion, a romney campaign spokeswoman released a statement to cnn saying the gop nominee will be a pro-life president. >> jim acosta in ohio traveling with romne
CNN
Oct 12, 2012 6:00am PDT
term, second obama term would bring, particularly on the economy. big missing piece. tough on the republican choice, tough on defending their first term. what will he deliver if voters give them another four years? not much on that last night. >> television plays a big role. this was not held in a stadium, but a smaller venue for people to watch on television. and it was great television. whatever you thought about their performance. >> it was. >> thank you. appreciate it, guys. joe boyden, paul ryan pitching medicare proposals while trying to scare voters about their opponent's plans. tom foremangoes beyond the scare tactics and explains what the two sides are offering. >> don, there's no issue out there right now that's a bigger deal for people over the age of 65 than the future of medicare. government health care program for those people, about 54 million americans rely on it. long-term financial health now is very shaky. the scary part, though, is that each campaign says the other side's plans for dealing with that are terrible. >> obamacaretakes $716 from medicare to spend on
CNN
Oct 8, 2012 10:00pm PDT
week, president obama was showing strong signs of improvement on the economy, closing the gap in most polls. but i want to show you a number. the pew poll shows that 54% of registered voters agree with the phrase doubt that obama knows how to turn the economy around. what do you make of that? >> that's been consistent, and it's been mitt romney's hope. if this is an election about the state of the economy and whether the president is partially or enough to blame for the bad economy, he's going to lose. that's why you see the president has been launching all the attacks against bain and all the other things he's been doing. so that's been the weakness and the numbers, too, that i'm looking for on the inside the polls are mitt romney's attributes and his ratings among independents because forget whether the polls are skewed for ds or rs, as long as mitt romney keeps winning independents, chances are mitt romney's going to win. in this pew poll, he won independents today, having nothing to do with whether it's skewed one party or the other. that's something to keep your eye on. romney's
CNN
Oct 11, 2012 4:00am PDT
what they're talking about, you'll see voters understand that the best plan for moving our economy forward lies with the president. >> most people who were polled, it's not a giant gap, but it's a substantial gap, i think it's fair to say, think that paul ryan is going to win, if you will, win the debate. if you pop up that poll there. what do you think are the biggest strengths and weaknesses? and be genuine, strengths and weaknesses of the vice president? >> at the end of the day, this is a wonderful thing. if you want an authentic politician, there's no more raw, authentic politics than you get from the vice president. he is who he is. and i'm hoping that comes on tonight. because i think the american public are going to see a guy who's really passionate and gets very excited about the dramatic differences. now, that means that sometimes people accuse him of going off-script or whatever. >> which he does. accuse him and he does. >> but that's refreshing to me. i really crave,rom both sides. this is why i liked mccain back in 1992, when he was running. because it was a rawness, i
CNN
Oct 9, 2012 11:00am PDT
to make sure i help the american farmer and i help our economy and i get america working again. >> again, mitt romney in iowa today. and now big news from the world of political polls, we're watching all these polls. so within just this past hour, gallup published its daily tracking poll. nationwide poll, registered voters, you see it here, obama 49%, romney at 46%. that is up one point from yesterday. one point down, actually, for the president. and, hang with me, now as we're counting 28 days here until the election, gallup unveiled a tracking poll of likely voters here, likely voters added to the mix. you see the numbers. romney at 49, above obama at 47%. again, among as it points out, likely voters. it is at least the third poll since sunday showing romney leading obama, very, very significant. so is team obama, you know, pushing the panic button? apparently not. not from the ad -- the campaign released today. take a look. >> big bird. >> big bird. >> big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it is not wall street you have to
CNN
Oct 11, 2012 11:00am PDT
economy. not to mention the debt, not to mention foreign policy. >> okay. so congressman, let's just say on point with your guy. one thing we know is that romney and ryan say they'll reduce inco board, 20%. we have this graphic. you know, if you look at recent history, the reagan tax cuts, both coincided with massive growth of the national debt. the debt rose nearly 200% under reagan. nearly doubled under bush. at least partly because the reagan and -- hang on, hang on, sir. with all due respect. at least partly because the reagan and bush tax cuts reduced government revenues. you have a debt and deficit hawk. do you worry looking ahead about the debt under romney might explode again similarly? >> well, number one, the deficit is the symptom. spending is the disease. i me, since world war ii, revenues have averaged about 18.5% of the economy. spending is at 20%. now due to the president's policies we have revenue that's gone down due to less economic growth but it's spending that's skyrock skyrocketing. he has it up to almost 25% of the economy and on automatic pilot for 40%. that means
CNN
Oct 14, 2012 5:00am PDT
economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucer hunger smart. a smart way to help manage hunger and diabetes. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> it will be felix baumgartner's second att
CNN
Oct 13, 2012 9:00am PDT
one. we'll be right back. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. >>> all right. before the break, we were talking about the aclu suing a michigan school district for failing to teach most kids to read at their grade level. richard herman in new york, joining us from las vegas. >> hi, fredricka. >> this is heartbreaking, especially to hear the testimony of young kids who say they feel like the school district failed them. we're talking about highland park school district being under fire for having too many kids not meet literacy standards. so i wonder, avery, how will the aclu try to establish if there is intent or willful negligence as it per tens to these kids not being able to read more proficiently? >> well, i love this case, fredericka. this is such a creative piece of litigation. and they're basically saying there's a constitutional right to literacy. and they derive
CNN
Oct 13, 2012 2:00pm PDT
hour in lebanon, ohio, a few hours ago he went after president obama over the economy at a rally in portsmouth, romney spent the afternoon in a session getting ready for the tuesday's presidential debate. i want to show you something, the least used street sign in american history. show it for me, shuttle cro crossing. whoever made that sign waited a long time to use it. but you know, it sure came in handy today in los angeles. this is what we're talking about. space shuttle "endeavour," the workhorse space craft which zoomed through space 25 times making its final journey right now. and it is super, super slow. two cnn work horses are watching this story, the surreal moment, in time. our john zarrella, first to you, where is the shuttle now? and how fast are we moving? is it still two miles an hour, or even slower? >> reporter: yeah, actually, and before that, i have to get us a couple of those signs, that is great. but it is actually moving less than two miles an hour, they actually had difficulty in the tight turns, where the clearances were just a couple of miles. but we are on
CNN
Oct 8, 2012 1:00am PDT
not on the red team or the blue team. i want our economy to strengthen. i want us to recover as a country. and i think the smartest thing any political person can do, any pundit can do, is celebrate america doing better. >> i think you're absolutely right. why are many republicans saying, these numbers are cooked, when it shows no interaction between the white house and the office that decides the numbers. >> because we're 30 days -- we're 30 days from an election. and everything is political. what they eat is political. what they wear is political. what they say is political. but at the end of the day, after november 6th, we're all in this together. >> okay. listen. >> i don't think that's true. >> you don't think it's true. >> can i get one point across? we've had 27, 28-consecutive months of job growth. this is not a one-off. the republicans have not been happy about job growth for two years. what we saw this past week, was a microcosm of the last two years. >> i'm being told, you guys are going to get cutoff because the satellite is going to do down in a minute. can we show th
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